Tata Chemicals Q3 consolidated net loss widens to Rs 93 crore

Mumbai, Feb 2 (PTI) Tata Chemicals on Monday reported a wider consolidated net loss of Rs 93 crore for the quarter ended December 31, 2025.

The company had reported a net loss of Rs 53 crores during the corresponding quarter of the previous financial year, Tata Chemicals said in a regulatory filing.

Revenue from operations of the Tata Group company declined by 1.11 per cent to Rs 3,550 crore during the quarter under review compared with Rs 3,590 crore in the same period of the previous year.

“Soda ash markets continue to remain oversupplied, with high inventory levels across most regions. Prices softened further during Q3FY26, reflecting adverse demand-supply dynamics. As a result, the near-term outlook for the soda ash market remains subdued and uncertain,

with limited visibility on any immediate improvement,” Tata Chemicals Managing Director and CEO R Mukundan said.

He said, despite these headwinds, the company’s standalone performance has been supported by higher volumes and disciplined cost management, resulting in a resilient operating performance.

The reconfiguration of the UK operations has been completed, with a strategic shift toward value-added, non-cyclical products, enhancing business stability, he stated.

However, the company’s consolidated performance has been sharply impacted by continuing unsustainable low prices in export markets, mainly in Southeast Asia, he added.

“The acquisition of Novabay Pte. Limited announced during the quarter aligns well with our strategy to focus on high-margin, specialty chemical businesses and deepen our presence in key global markets. It enhances our ability to offer differentiated solutions to customers while reinforcing Tata Chemicals’ long-term growth agenda in value-added products. The transaction is expected to be completed in the Q4FY26, subject to the fulfilment of customary closing conditions,” he said.

Meanwhile, the company’s board approved an investment of Rs 515 crore for setting up a greenfield manufacturing facility for Iodised Vacuum Salt Dried (IVSD) at Valinokkam in Tamil Nadu.

“The proposed facility will have a capacity of 210 kilo tonnes per annum (KTPA). This investment underscores our continued commitment to strengthening our core consumer products portfolio and expanding our manufacturing footprint in India. The proposed facility will enhance our ability to meet growing demand for high-quality iodised salt while supporting long-term, sustainable growth,” Mukundan said.

He said that in response to prevailing market conditions, the company’s priorities remain firmly aligned to protecting margins, preserving cash flows, and maintaining balance sheet strength.

“We continue to adopt a disciplined approach to capacity utilisation, cost control, and capital allocation, ensuring resilience through the current phase of the cycle,” he added.

Shares of the company on Monday closed at Rs 726.15, down 2.27 per cent on BSE. PTI SM MR